Strong growth in profitability and operational efficiency

Revenue increased from 245.2 million euro in 2020 to 259.7 million euro in 2021. The 6% increase demonstrates the JENSEN-GROUP's ability to take orders and see them through to completion in a challenging environment.

Operating profit (EBIT) amounts to 21.3 million euro in 2021 compared to 12.8 million euro in 2020, an increase of 67%, which is based on the following:

• In response to changing market conditions, the Group took significant and swift measures to adjust the capacity in several plants.
• The EBIT is positively affected by government support received in several countries (2.1 million euro). The forgiveness of the Promissory Note at JENSEN USA amounts to 1.6 million euro. Also, a 2.5 million euro margin related to cancelled projects of 2020, was recognized in 2021.
• The EBIT is negatively affected by 3.6 million euro costs from the restructuring necessitated by the reduction of workforce and closing of activities.

Cash flow from operations (EBITDA) amounts to 30.8 million euro in 2021, a 56% increase compared to last year.

Net income attributable to the shareholders amounts to 14.6 million euro (Earnings per Share of 1.86 euro) compared to 7.6 million euro last year (Earnings per Share of 0.97 euro).

The Group reports a net financial cash of 41.0 million euro (including 4.5 million euro leasing debt) compared to 28.3 million euro at year-end 2020.

The Group received 345 million euro of orders in 2021, a 54% increase over last year’s order intake and the second-highest order intake in its history.

On March 26, 2021, JENSEN-GROUP increased its shareholding in Inwatec ApS from 30% to 70%.

The Board proposes to members of the Annual Shareholders’ meeting to approve a dividend of 0.50 euro per share. Subject to approval at the Annual Shareholders' meeting of May 17 ,2022, the share will trade ex-coupon as of May 23, 2022 and the dividend will be payable as from May 25, 2022 at the counters of KBC bank upon presentation of coupon n°16.